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Prudential: Prudential Assurance, the London-based pensions and investment management company, is installing Summit Systems risk management and trading applications to support a new treasury operation.

The fund plans to launch a retail banking subsidiary in October this year, say Prudential officials, and will use and extend Summit to support as much of the new bank's treasury as possible (Derivatives Engineering & Technology, May 27).

L-Bank: Germany's Landes-kreditbank Baden-Wurttemberg (L-Bank) has licensed the Orchestra/ Futrak integrated treasury and risk management system developed by New Jersey-based software vendor Inssinc.

The bank is installing the Microsoft Windows NT-based system on two NT servers at its Karlsruhe headquarters, along with the systems' underlying Microsoft Access and B-trieve database systems (DE&T, May 27).

Hamburgische: The London branch of Hamburgische Landesbank has installed Tantus's Tantus Dealing System to automate its foreign exchange and money market operations.

The TDS platform captures trades at Hamburgische and provides real-time position and counterparty credit monitoring, according to a Tantus spokesperson.

Commerz FP: Commerz Financial Products, the derivatives subsidiary of Frankfurt-based Commerzbank, has installed a securities lending system from Tcam Systems.

The bank will use the lending system to track its equity lending/borrowing and equity repo operations, according to Commerz FP officials.

Woolwich: The UK's Woolwich Building Society has implemented the Axiom swaps trading system developed by London-based ITS Trading Systems.

The Woolwich is running Axiom on a Hewlett-Packard Unix platform using an Oracle relational database, according to HP officials.

Credit Local: Credit Local de France, the French bonds issuer, has chosen Unisys's FBA Urbis banking system to support its operations in Sweden.

The software will cover lending, treasury, funding, deposits, risk management and reporting at CLF's recently opened Stockholm office, says a Unisys spokesperson.